2010 Pennsylvania Code
Title 13 - COMMERCIAL CODE
Chapter 36 - Discharge and Payment
3604 - Discharge by cancellation or renunciation.

     § 3604.  Discharge by cancellation or renunciation.
        (a)  Methods of discharge.--A person entitled to enforce an
     instrument, with or without consideration, may discharge the
     obligation of a party to pay the instrument:
            (1)  by an intentional voluntary act, such as surrender
        of the instrument to the party, destruction, mutilation or
        cancellation of the instrument, cancellation or striking out
        of the party's signature or the addition of words to the
        instrument indicating discharge; or
            (2)  by agreeing not to sue or otherwise renouncing
        rights against the party by a signed writing.
        (b)  Certain rights unaffected.--Cancellation or striking out
     of an indorsement pursuant to subsection (a) does not affect the
     status and rights of a party derived from the indorsement.

        Cross References.  Section 3604 is referred to in section
     3605 of this title.